Q2 2026 Rusta AB (publ) Earnings Call Transcript
Key Points
- Rusta AB (publ) (OSTO:RUSTA) opened 6 new stores during the quarter, expanding its network to 231 stores.
- The company reported a 9.3% growth in sales and a 5.6% like-for-like growth, excluding currency effects.
- Gross margin increased by 0.9% to 44.8%, driven by effective campaigns and a positive product mix.
- Rusta AB (publ) (OSTO:RUSTA) successfully launched online sales in Norway, completing its online presence in all Nordic countries.
- The company has a strong pipeline of 48 new stores, indicating robust future growth potential.
- Currency effects had a negative impact of 1.1% on net sales during the quarter.
- Operating expenses increased due to growth initiatives and higher variable remuneration costs.
- The company faced a setback in Germany with a store opening being delayed due to local government approval issues.
- The net effect of currency fluctuations for the full financial year is expected to remain negative.
- Purchasing prices in Europe have been negatively impacting the gross margin, offsetting some gains from Asian markets.
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Good morning and welcome to the presentation of Rosta's second quarter, that is the demands from August until October in our fiscal year that runs from 1st of May until the end of April. Presenting will be myself, Johan Westerberg, CEO of Rosta, and our excellent CF Sophie Malmer.
The agenda today is short and sweet. We will start with a business update to bring you up to speed on what has happened during the quarter. We will then dive deeper into the financial performance with Sophie, and then we'll summarize, talk a bit about current trading, and finally open up for Q&A.
Right, so moving on to the business update. First of all, I think as usual it's good to have a look at our store network, and we have during the quarter opened up 5 stores plus another one after the end of the quarter, bringing the total up to 6 new stores since we last spoke, 3 of them in Finland and another 3 in Sweden, bringing the total up to 231 stores as of now.
At the same time, I can say that we have had a
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